<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>perclass061.txt
<TEXT>
Putnam High Income Securities Fund, as of February 28, 2010,
semiannual shareholder report

Item 85B

Additional Information About Errors and Omissions Policy

While no claims with respect to the Registrant/Series were filed
under such policy during the period, requests under such policy
for reimbursement of legal expenses and costs arising out of
claims of market timing activity in the Putnam Funds have been
submitted by the investment manager of the Registrant/Series.

Item 74P:

On September 15, 2008, the fund terminated its
outstanding derivatives contracts with Lehman
Brothers Special Financing, Inc. (LBSF) in connection
with the bankruptcy fi ling of LBSFs parent company,
Lehman Brothers Holdings, Inc. On September 26,
2008, the fund entered into a receivable purchase
agreement (Agreement) with another registered
investment company (the Seller) managed by
Putnam Management. Under the Agreement, the
Seller sold to the fund the right to receive, in the
aggregate, $10,185 in net payments from LBSF in
connection with certain terminated derivatives
transactions (the Receivable), in exchange for an
initial payment plus (or minus) additional amounts based
on the funds ultimate realized gain (or loss) with
respect to the Receivable. The Receivable will be offset
against the funds net payable to LBSF and is included in
the Statement of assets and liabilities in Payable for
investments purchased. Future payments under the
Agreement are valued at fair value following procedures
approved by the Trustees and are included in
the Statement of assets and liabilities. All remaining
payments under the Agreement will be recorded as
realized gain or loss. The funds net payable to LBSF
was calculated in accordance with the funds master
contract with LBSF. Putnam Management currently
is in discussions with LBSF regarding resolution of
amounts payable to LBSF. Amounts recorded are estimates
and final payments may diff er from these
estimates by a material amount.
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